The Chancellor of the Ekiti State University (EKSU), Dr. Tunji Olowolafe, has announced the launch of a N1 billion innovation fund at the university, News About Nigeria reports.
He disclosed this while speaking at the university’s 28th convocation held at the school’s main auditorium on Wednesday.
He noted that the innovation fund is tailored towards agro-tech companies founded by graduates and students of the university, maintaining that agriculture remains the backbone of the nation.
“Agriculture stands as the backbone of the nation and is the greatest potential for innovation and economic prosperity for us in Ekiti State and Nigeria at large.
“I am proud to announce the launch of a groundbreaking initiative, a N1 billion innovation fund designed for agro-tech companies founded by graduates and students of the Ekiti State University,” he said.
The newly installed Chancellor also announced the establishment of a new programme that is designed to offer support and subsidies for up to 20 academic staff members annually.
According to him, the programme will offer support and subsidies for up to 20 academic staff members annually, to facilitate their participation in international conferences, training, and other academic activities.
While congratulating the graduates for making it this far, Olowolafe urged them to match their ambitions with the reality of wherever they find themselves, noting the current state, needs, opportunities, and future prospects of their environments.
“There is nothing wrong with being ambitious but it is more important to match your ambition with reality. If you intend to live in Ekiti, you must recognise the realities of Ekiti, its current state, needs, opportunities, and future prospects. Same applies to those intending to live elsewhere. Having an understanding of reality will enable you to appropriately position yourself to thrive and succeed in your chosen location,” he added.
Speaking also, the Governor of Ekiti State and Visitor to the University, Biodun Oyebanji, congratulated the graduates, stating that the future is open to them in terms of employment, further education, and entrepreneurship.
Oyebanji urged them to ensure they improve themselves and mankind with whichever they decide to choose.
He also congratulated the Chancellor on his appointment, stating that the university will benefit from his goodwill.
“I am thrilled by the expectation that the university will benefit enormously from your goodwill, wealth of means, and network of donors that can help improve the fortunes of the University in a significant manner. Your appointment has received commendations from all stakeholders in the university, the society and across the world,” he said.
